USD/CAD Price Analysis: Remains Subdued Near 1.3700 As US Dollar Slips
The USD/CAD pair remains feeble near the round-level support of 1.3700 in Tuesday’s European session. The Loonie asset comes under pressure as the US Dollar drops amid improvement in the risk appetite of the market participants.S&P 500 futures have posted some gains in the London session. The appeal for risky assets improves as investors see no further escalation in […]
GBPUSD Under Pressure: Downtrend Confirmed Or Correction Incoming?
GBPUSD’s recent price action suggests continued weakness. This analysis examines the technical situation and explores potential scenarios for the currency pair. GBPUSD Stuck in Downtrend: Falling Trend Line Resistance: A key technical indicator for GBPUSD is the falling trend line on the 4-hour chart. As long as the price remains below this trend line resistance, the downtrend […]
Pound Sterling Eyes More Downside On Firm BoE Rate Cut Prospects
Photo by Colin Watts on Unsplash The Pound Sterling drops to near 1.2300 as the BoE is expected to start reducing interest rates from August. The S&P Global/CIPS UK preliminary PMI data for April will provide guidance on the economic outlook. Two BoE policymakers are lined up to speak as investors seek clues about the interest-rate outlook. […]
Altair (ALTR) Buys Cambridge Semantics, Enhances AI Technology (Revised)
In a bid to enhance its strong analytics and data science team with deep data warehousing expertise, Altair Engineering Inc. (ALTR) has acquired Cambridge Semantics.Cambridge Semantics is a modern data fabric provider and creator of one of the industry’s leading analytical graph databases. Its graph-powered data fabric technology simplifies the creation of comprehensive enterprise knowledge graphs by […]
Sensex Today Trades Higher; Tejas Networks Rallies 10%
Asian markets traded higher on Tuesday following overnight gain on Wall Street.Japan’s Nikkei 225 gained 0.8%, while the Topix rose 0.66%. South Korea’s Kospi added 0.2%US stocks rose on Monday after steep losses in the previous session as the tensions in the Middle East eased.Here’s a table showing how US stocks performed on Monday: Stock/Index […]
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Tuesday, April 23
Image Source: Pixabay AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar / Japanese Yen (AUDJPY) Day Chart AUDJPY Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: impulsive as C STRUCTURE: red wave […]
EUR/USD Extends Holding Pattern Ahead Of PMIs
Image Source: Pixabay EUR/USD trades in a range in the mid 1.0600s ahead of key PMI data for the US and Eurozone. The pair has formed a Bear Flag price pattern suggesting the potential for a steep decline. EUR/USD extends its holding pattern of the last few days, trading in the mid 1.0600s on Tuesday, prior […]
SPDR ETF Report For Monday, April 22
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Monday, April 22.Video Length: 00:18:05More By This Author:Metals Report For Monday, April 22Financial Markets Report For Monday, April 22SPDR ETF Report For Friday, April 19
Silver Price Forecast: XAG/USD Attracts Some Sellers Below $27.00 Amid Risk-On Mood
Image Source: Pixabay Silver price extends its downside near $26.95 on Tuesday. The easing fear of wider tensions in the Middle East improves market sentiment. Reduced Fed rate cut speculation boosts the USD and drags the white metal lower. Silver price (XAG/USD) trades on a softer note for the second consecutive day around $26.95 on Tuesday during the early […]
Silver/Euro And Dow/Gold Making Big Moves
Image Source: PixabayLast year, we looked at charts of Silver/Euro and Dow/Gold, both of which were on the verge of significant long-term breakouts. Since that time, the suspected breakouts have occurred, providing key evidence that the bull market in precious metals is indeed underway. It’s time to review these fascinating charts! We’ll start with Silver/Euro and note that the breakout […]
